Listed 73 days ago · May 7, 2026 | MLS# ML82046224
$384/sqft -56% vs El Granada avg
What this means: Priced below the El Granada per-sqft average. Compare to recent sales below for context.
Est. $23,626/moP&I $19,458 · Tax $3,906 · Insurance $262 · HOA $0Assumes 20% down ($750,000) at 6.75% · Contact Timothy for a lender referralAegis Luxury Real Estate is a licensed California real estate brokerage (DRE# 01328224) and is not a mortgage lender, mortgage broker, or loan originator. The figures shown are estimates for general reference only and do not constitute a loan offer, pre-approval, pre-qualification, or commitment to lend. Estimates use the applicable county average property tax rate of 1.25% of home price annually. Actual rates, payments, taxes, and insurance vary by lender and borrower qualifications. Contact Timothy for a referral to one of our preferred lending partners.
Active listing in El Granada, Santa Clara County. Convenient access to schools, parks, and Bay Area employment centers.
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0 Bed / 0 Bath / 9,756 sqft on 14,490 sqft Lot
Spec sheet at a glance. See full details below for interior, exterior, and lot features.
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Listed at $3.8M vs City Average $2.0M
$384/sqft compared to El Granada avg $869/sqft (-55.8%).
Best fit forActive BuyersEl Granada SearchersMove-Up / Move-In
About This Home
Welcome to the Beach Surf View Apartments located at 510 Avenue Alhambra in El Granada; a rare coastal nine (9) unit multifamily investment opportunity in the highly desirable Pillar Point neighborhood of El Granada. -- This well-maintained property offers stunning ocean views from every unit and an exceptional unit mix of three (3) spacious 2-Bedroom/1-Bath Penthouse units (~1,000 sqft) and six (6) classic 2-Bedroom/1-Bath units (~675 sqft). -- Originally constructed in 1973 and situated on a 14,490 sqft lot, the property features approximately 9,756 sqft of improvements with 7,479 sqft of rentable space. Each unit is individually metered with all-electric appliances, and the penthouse units include in-unit washer/dryers. -- Property amenities include nine (9) carports plus two (2) open spaces, on-site laundry for units without in-unit laundry, bike storage, resident storage lockers, and an owners storage room with bathroom and sink. -- SB-721 INSPECTION IS COMPLETED/PASSED, offering added peace of mind for investors. Ideally located just a short 10-minute walk to the beach and coastal promenade, this asset combines strong in-place income (5.13% cap rate & 13.01 GRM) with long-term upside in one of the Peninsulas most supply-constrained coastal communities.
MLS ID #ML82046224, Nate Gustavson. Listing provided by Compass · MLSListings Inc.
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Property Details
Property Type
FiveOrMoreUnits
Year Built
1973
Bedrooms
0
Bathrooms
0 Full
Living Area
9,756 sqft
Lot Size
14,490 sqft
Garage
N/A
Price/sqft
$384
County
SanMateo
MLS Number
ML82046224
Status
Active
Stories
N/A
HOA
None
Interior Features
Electric
Exterior & Lot
TarGravel, Bitumen Roof0.33 Acres
Location
This HomeActive ListingNew (3 days or less)Price ReducedOpen HouseSold
510 Avenue Alhambra, El Granada, CA 94018 · SanMateo County
Market Context
Price Positioning
$Price context: Listed at $384/sqft vs El Granada avg $869/sqft (55.8% below).
$Sale-to-list: El Granada homes selling at 101.2% of asking.
⏲Velocity: City avg 24 days. This home: 73 days.
🏠Inventory:0 0-bedroom homes currently available in El Granada.
Source: MLSListings Inc. Timothy Alston, Broker, DRE# 01328224.
Want to know what this home will actually sell for? Get a data-backed offer range based on recent comparable sales.
510 Avenue Alhambra is located in the LowerElGranada area of El Granada, California. This 0-bedroom, 0-bathroom home is listed for $3,750,000. Homes in LowerElGranada average $869 per square foot with an average of 24 days on market, making this one of the most actively watched markets in 94018.
0-Bedroom Homes for Sale in El Granada 94018
Browse 0-bedroom home listings in the LowerElGranada area of El Granada. Properties in 94018 are currently averaging $869 per square foot with 24 days on market.
What to Expect When Buying in LowerElGranada
The LowerElGranada market in El Granada features a mix of home properties ranging from starter homes to luxury estates. Current inventory levels suggest active conditions for buyers in this area.
Listed at $3,750,000 ($384/sqft). El Granada avg is $869/sqft, placing this 55.8% below. Comparable recent sales help frame the value.
Listed 73 days (as of May 7, 2026). El Granada average is 24 days.
Est. $23,626/mo with 20% down ($750,000) at 6.75%. Includes principal & interest ($19,458), property tax ($3,906), and insurance ($262). HOA: None. Aegis Luxury Real Estate is a licensed California real estate brokerage (DRE# 01328224) and is not a mortgage lender, mortgage broker, or loan originator. The figures shown are estimates for general reference only and do not constitute a loan offer, pre-approval, pre-qualification, or commitment to lend. Estimates use the applicable county average property tax rate of 1.25% of home price annually. Actual rates, payments, taxes, and insurance vary by lender and borrower qualifications. Contact Timothy for a referral to one of our preferred lending partners.
There are 9 active listings in El Granada (0 are 0-bedroom). At $3,750,000 this is positioned against the city average of $2,009,333. Similar homes have sold at 101.2% of asking.
0-bedroom homes in El Granada (94018) are currently averaging $869 per square foot. Market activity shows homes spending an average of 24 days on market in this area.
510 Avenue Alhambra in El Granada is currently listed at $3,750,000. This 0-bedroom, 0-bathroom home is located in the LowerElGranada area.
The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. Real estate listings held by brokerage firms other than Aegis Luxury Real Estate are marked with the Internet Data Exchange icon (a stylized house) and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from the MLSListings MLS as of Jul 19, 2026 4:15 PM PT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
These statistics are generated using information from the MLSListings Inc. multiple listing service, but have not been verified and are not guaranteed. MLSListings Inc. disclaims any responsibility for the accuracy and reliability of these statistics. This information should not be relied upon for real estate transaction decisions.
Data updated every 15 minutes. Visit www.MLSListings.com for more information.
Information provided is for general informational purposes only. Equal Housing Opportunity. If you are currently working with a real estate agent, this is not intended as a solicitation.
Timothy Alston, Broker, DRE# 01328224, Aegis Luxury Real Estate, 10080 N. Wolfe Rd Ste SW3-200, Cupertino CA 95014. (408) 207-4593.
Last updated: Jul 19, 2026 4:15 PM PT | Source: MLSListings Inc.
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510 Avenue Alhambra$3,750,0000 bd · 0 ba · 9,756 sqft
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